Comments on: DropSend on the Block http://www.voodooventures.com/2006/11/06/dropsend-on-the-block/ Idea Fuel Blog Fri, 05 Dec 2008 14:08:55 +0000 http://wordpress.org/?v=2.6 By: Marc Nathan http://www.voodooventures.com/2006/11/06/dropsend-on-the-block/#comment-66 Marc Nathan Tue, 07 Nov 2006 13:50:29 +0000 http://www.voodooventures.com/2006/11/06/dropsend-on-the-block/#comment-66 I also am pleased that this process is being liveblogged from an observers perspective, but I must say that from an actual company sales point of view, this might not be the best course of action. Investors and money guys are a cagey bunch and the perception of a deal to the outside world is sometimes more valuable than the deal itself. Without meaning to, I think that Ryan took away some of the mystery of his deal and therefore removed a potnetial buyers "look how smart, forward-thinking and innovative I am!" factor. That's not to say that his sale won't be a success - I've used dropsend myself once or twice and I think that it's gotten great traction despite his self-described lack of focus on it. Either way, it's a great lesson for the next guy who wants to sell his Web 2.0 company on the open market. I also am pleased that this process is being liveblogged from an observers perspective, but I must say that from an actual company sales point of view, this might not be the best course of action. Investors and money guys are a cagey bunch and the perception of a deal to the outside world is sometimes more valuable than the deal itself. Without meaning to, I think that Ryan took away some of the mystery of his deal and therefore removed a potnetial buyers “look how smart, forward-thinking and innovative I am!” factor. That’s not to say that his sale won’t be a success - I’ve used dropsend myself once or twice and I think that it’s gotten great traction despite his self-described lack of focus on it. Either way, it’s a great lesson for the next guy who wants to sell his Web 2.0 company on the open market.

]]> By: Chris Schultz http://www.voodooventures.com/2006/11/06/dropsend-on-the-block/#comment-65 Chris Schultz Tue, 07 Nov 2006 01:40:52 +0000 http://www.voodooventures.com/2006/11/06/dropsend-on-the-block/#comment-65 Blake, I agree, we try to emulate their transparency, but Ryan really is doing some amazing things. The conventional wisdom would be to try to hold your cards as close to the vest as possible, but he defies that and my bet is that it is going to pay off for him again as he redefines transparency in exit strategies. I agree, this is about getting real (to use a 37signals-ism), and the transparency is what prevents this from being a Web 2.0 bubble. Thanks for your comment. Chris Blake, I agree, we try to emulate their transparency, but Ryan really is doing some amazing things. The conventional wisdom would be to try to hold your cards as close to the vest as possible, but he defies that and my bet is that it is going to pay off for him again as he redefines transparency in exit strategies. I agree, this is about getting real (to use a 37signals-ism), and the transparency is what prevents this from being a Web 2.0 bubble. Thanks for your comment.

Chris

]]> By: Blake P. http://www.voodooventures.com/2006/11/06/dropsend-on-the-block/#comment-64 Blake P. Tue, 07 Nov 2006 00:02:14 +0000 http://www.voodooventures.com/2006/11/06/dropsend-on-the-block/#comment-64 I am pulling for Carson Systems. I get hooked to their transparency. I hope this sets a trend of less hype - more real. I am pulling for Carson Systems. I get hooked to their transparency. I hope this sets a trend of less hype - more real.

]]> By: Ryan Carson http://www.voodooventures.com/2006/11/06/dropsend-on-the-block/#comment-62 Ryan Carson Mon, 06 Nov 2006 17:35:51 +0000 http://www.voodooventures.com/2006/11/06/dropsend-on-the-block/#comment-62 Thanks Chris - really valuable advice. I totally appreciate it! :) Thanks Chris - really valuable advice. I totally appreciate it! :)

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